Improved schools lose fed funding

SLASHED budgets are the reward for some successful city schools.

As many as 21 schools discovered this year that their recent improvement has attracted so many middle-class students that they no longer qualify for federal poverty funds.

“This is a setback. We’ve had so many great successes,” said Faye Rimalovski, whose son attends Public School 9 in gentrifying Prospect Heights, Brooklyn.

Parents at the school are now scrambling to raise more than $100,000 because the percentage of kids considered poor dropped to 59.1% — just below the 60% required for federal Title I poverty funds.

For the first time in five years, city schools overall are not facing budget cuts, but no one’s celebrating at PS 113 in Ridgewood, Queens, which also lost its Title I funding.

“Since all the budget cuts, schools have come to rely heavily on the Title I money,” said PS 113 parent Nick Comaianni.